Clients of Huggins Actuarial Services, Inc. are set to benefit from new resources and technical depth following the firm’s acquisition by Lewis & Ellis, Inc., with both companies committing to uninterrupted service and existing leadership continuity.
The acquisition brings together two actuarial consulting firms with decades of experience in the insurance industry.
Huggins, established in 1911 as Huggins & Company Inc., will continue operating under its current brand and management team. The firm’s client base includes insurers, self-insurers, captives, and risk retention groups, primarily within the property and casualty (P&C) insurance market.
Lewis & Ellis, founded in 1968, offers actuarial and consulting services across life, health, and P&C segments. The firm’s president and managing principal, Cabe Chadick, said the addition of Huggins’ team allows the combined organization to serve clients with increased resources.
He said, “This partnership strengthens our collective ability to serve clients with greater depth and resources, reinforcing our shared commitment to actuarial excellence and outstanding client service.”
Ronald T. Kuehn, president of Huggins, said the decision to join Lewis & Ellis allows Huggins to access expanded capabilities while continuing to focus on long-term relationships.
“Partnering with Lewis & Ellis represents an exceptional opportunity to enhance our client relationships through expanded resources and expertise. Our combined capabilities uniquely position us to deliver even greater value to our clients moving forward,” Kuehn said.
Following the acquisition, Lewis & Ellis has moved from 12th to 11th in AM Best’s rankings of P&C loss reserve specialists. The change in position reflects the increase in volume and scope of services delivered by the combined firms in this segment of the insurance consulting market.
While no structural or staffing changes have been announced beyond the acquisition, both companies indicated that operations would continue without disruption.
How do you think this acquisition will influence actuarial consulting services in the P&C insurance sector? Share your thoughts in the comments.
